LOS ANGELES—Millennial investors seem tounderstand that a well-balanced portfolio shouldn't just consist oftraditional blue-chip equities and bonds, but a variety of assetclasses. This generation was, and continues to be, greatly impactedby the Great Recession in several ways. That is according toDavid Manshoory, the founder and CEO ofpeer-to-peer real estate lending marketplaceAssetAvenue. GlobeSt.com recently caught up withManshoory, who was recently named one of “Tomorrow's Leaders” inSouthern California real estate by sister publication, RealEstate Forum, on millennial investors, technology and what itall means for the industry
GlobeSt.com: Why do millennial investors love realestate and what does it mean for the industry?
David Manshoory:In a recent survey ofhigh-net-worth investors by US Trust entitled “Insights on Wealthand Worth,” stark contrasts appeared between millennial (or“generation Y”) investors and previous generations regarding arange of issues, including their preference for tangible assets.While 35% of millennial investors said they currently own tangibleassets, an additional 46% said they do not currently but areinterested in owning them, the highest percentage of any group.
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